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The Latin America, Middle East and Africa Motion Preservation Devices Market would witness market growth of 12.0% CAGR during the forecast period (2022-2028).
Growing spinal problems among all age groups around the world as a result of changing lifestyles is contributing to the enhancement of the healthcare industry. Factors like technological advances, as well as increased awareness in the segment, will benefit the market.
Traditional fusion techniques are unable to treat disorders that can be treated with motion preservation devices. Structure changes in the spinal cord are caused by spinal disorders such as bone expansion and enlargement of the band of tissues in the spine. Spinal stenosis is very common in the elderly population. These gadgets assist the patient in maintaining spinal flexibility and movement.
The healthcare industry of the region is expanding at a steady pace, due to improvements in infrastructure and technological advancements. As a result, the advanced medical technology like motion preservation device is being supported by the regional healthcare industry. The Gulf Cooperation Council (GCC), which has some of the world's richest economies, is experiencing expansion in both population and healthcare spending.
The Brazil market dominated the LAMEA Motion Preservation Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $50.5 Million by 2028. The Argentina market is anticipated to grow at a CAGR of 12.6% during (2022 - 2028). Additionally, The UAE market is expected to witness a CAGR of 11.7% during (2022 - 2028).
Based on Product, the market is segmented into Artificial Discs, Dynamic Stabilization Devices, Annulus Repair Devices, and Nuclear Disc Prostheses Device. Based on Surgery, the market is segmented into Open Spine Surgery and Minimally Invasive Spine Surgery. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson (DePuy Synthes), B. Braun Melsungen AG, Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Orthofix Medical, Inc. (Spinal Kinetics, LLC), Aurora Spine Corporation, HPI Implants, RTI Surgical, Inc., Ulrich GmbH & Co. KG
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